Buy Metal (MTL)

Metal (MTL) is a blockchain platform that integrates traditional and digital currencies, with the aim of facilitating global access to both conventional banking services and digital assets. Launched in 2017, Metal has since developed a wide range of products and services that make the use of cryptocurrencies more accessible to both beginners and experienced users.

Metal has developed several products and services. Metal Pay is a mobile payment app that allows users to easily send, receive, and exchange crypto. Metal Vault is a storage solution for MTL, other ERC-20 tokens, BTC, and ETH. Additionally, Metal provides a marketplace where users can buy, sell, and trade popular digital assets.

The Metal platform is designed as a layer 0 protocol, meaning that other blockchains and networks can be built on top of it. This gives developers the ability to create their own sub-chains tailored to their needs. Metal also supports WebAuthn and EVM, making it easy to migrate existing Ethereum smart contracts and dApps to Metal. The technology behind Metal allows it to process over 4,500 transactions per second with 0.5 second finality, meaning it is suitable for large-scale use cases.

Metal’s reward system is another major innovation. Users receive up to 5% in MTL token rewards for every transaction they make, whether it’s sending, receiving, or converting crypto. This encourages active use of the platform and increases community engagement. The use of a Proof-of-Stake consensus mechanism not only makes Metal energy-efficient, but also gives users the opportunity to contribute by staking MTL tokens.

In addition to staking, MTL token is also needed to use Metal Pay features. Users receive lower transaction fees by holding MTL tokens. The maximum supply of MTL is limited to 66.59 million tokens.

Who founded Metal?

Metal was founded by Marshall Hayner and Glenn Mariën. Marshall Hayner has experience in the crypto industry, having previously worked on projects such as Quickcoin and Dogecoin. Glenn Mariën contributed to several successful blockchain projects before founding Metal.

Metal has developed several features, making the application more versatile. You can use Metal in the following situations:

• Sending and receiving money: Users can easily and quickly make fiat and crypto transactions via the Metal Pay app.
• Earning rewards: For every transaction, users can earn up to 5% of the transaction value in the form of MTL tokens, which should encourage the use of Metal.
• Storage of digital assets: The Metal Vault provides secure storage for MTL, BTC, ETH and other ERC-20 tokens, allowing users to make payments faster without first transferring crypto from another wallet.
• Crypto trading: The Metal marketplace allows users to buy, sell and trade popular cryptocurrencies.
• Development platform: Metal supports Web Authentication (WebAuthn) and EVM protocols, making it an attractive platform for blockchain developers.

Metal uses a multi-layer ecosystem that streamlines the key components of Metal. This ecosystem includes several key components such as Metal Pay, Metal VAULT, and the Metal blockchain that acts as a layer 0 protocol.

Metal Pay

Metal Pay is a mobile app that allows users to send, receive, and exchange crypto. It uses Proof of Processed Payment (PoPP) technology to provide predetermined rewards to network participants. The app is free to download and can be used within minutes of installation.

Metal VAULT

Metal VAULT is a wallet for storing MTL and other ERC-20 tokens. It also supports Bitcoin and Ethereum, with plans to add more coins in the future. Users can purchase Metal within the Metal VAULT, which can even earn them additional MTL tokens.

Layer 0 protocol

The Metal blockchain was launched as a layer 0 protocol, meaning it is the foundation layer upon which other blockchain protocols and networks can be built. By acting as a foundation layer, it provides additional flexibility and scalability for developers of subchains.

Subnets and consensus mechanisms

Subnets are designed for scalability and can be customized to meet the specific needs of different applications. Metal uses the Avalanche consensus protocols, which introduce advanced technologies for fast and secure consensus within the network. The decentralized governance model ensures that decisions are made democratically and transparently.

Staking and validators

The METAL token plays a crucial role in the network’s security and reward system. Users can stake METAL tokens to validate transactions and secure the network. Validators must stake a minimum of 2000 METAL and are responsible for validating transactions and ensuring the integrity of the network. Staking rewards range from 10-12% per year depending on the duration and amount of staking.

Metal has a number of unique features that set it apart from other projects:

• Unique reward system: Users earn MTL tokens for every transaction they make, from buying to selling to spending tokens. This incentivizes them to actively use the platform.
• Energy efficiency: Metal uses a Proof-of-Stake (PoS) consensus mechanism, which significantly reduces energy consumption compared to traditional Proof-of-Work (PoW).
• Cross-chain compatibility: Metal supports the exchange of digital assets across multiple networks. This is unique because tokens cannot be moved across networks.
• Layer 0 protocol: Metal is built as a layer 0 protocol, allowing other blockchain protocols and networks to be built on top of Metal. This makes blockchain development much easier for developers.
• User-friendly interface: The Metal Pay app offers a clean and easy-to-use interface, making it easy for anyone to send, receive, and convert crypto.
• Security: Metal VAULT provides secure storage for MTL, BTC, ETH, and other ERC-20 tokens, giving users peace of mind about the safety of their crypto assets.
• Regulatory compliance: Metal is one of the few blockchain-based payment service providers that are compliant and licensed in the United States, inspiring confidence among users and investors.

At Bitvavo you can buy MTL (Metal). Our platform is suitable for both beginners and experienced traders. Follow these steps to buy MTL tokens via our website or app:

1. Log in to your Bitvavo account or create a new account.
2. Add funds to your account by clicking "Deposit".
3. Go to the Metal (MTL) buy page.
4. Enter the amount in euros you want to spend or the number of MTL tokens you want to purchase, and click "Buy".

After your purchase, the MTL tokens will be automatically and instantly added to your Bitvavo account, where you can easily manage and trade them. Selling MTL tokens is just as easy, allowing you to react quickly to market changes.

You can safely store your MTL tokens in your Bitvavo account. Bitvavo keeps the majority of assets in cold storage, which means they are stored offline for extra security. For extra protection of your account, we recommend enabling two-factor authentication (2FA).

Many software and hardware wallets support MTL. After purchase, you can easily transfer the MTL tokens to an external wallet by linking the wallet address to your Bitvavo account. This gives you full control over your cryptocurrencies and increases the security of your digital assets.